£576,253
This estimated value is based upon the latest sale price for the house of £465,000 on 6 Jul 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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242 Chingford Mount Road, Chingford, London, E4 8JL
Phone: 02080332384
Price Paid | Date |
---|---|
£465,000 | 6 Jul 2018 |
Terraced |
Freehold |
Floor Area: 94 sq meters or 1,011 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in July 2018 the House Price Index for GREATER LONDON was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £465,000 results in an estimated price of approximately £576,253.
6 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.9 | 148.6 | 23.926 % | £465,000 | £111,253 | £576,253 |
The Postcode Pricing Model uses changes in average sales price within the E4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | -59.833 % | £-278,224 | £186,775 |
3 Month Average | -19.276 % | £-89,635 | £375,364 |
6 Month Average | 11.283 % | £52,464 | £517,464 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Feb 2023 | £574,613 | £575,000 | 151 NEW ROAD |
21 Oct 2022 | £578,768 | £585,000 | 112 NORMANSHIRE DRIVE |
22 Apr 2022 | £617,879 | £600,000 | 142 NORMANSHIRE DRIVE |
26 Nov 2021 | £621,870 | £575,000 | 140 NORMANSHIRE DRIVE |
18 Jun 2021 | £547,191 | £510,000 | 160 NORMANSHIRE DRIVE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 3 May 2018. Using an estimated price of £576,254 means this house is valued at £6,130 per sq meter (£569 per sq foot).
The average size of a house on NORMANSHIRE DRIVE is 112 sq meters (1,210 sq feet).